Technical highlights in respect of the T3 Deposit including the
pre-feasibility study programme, progress and drilling updates are
provided below. In addition, we would refer to the announcement released
today by MOD Resources which contains images and diagrams that may
assist readers in an understanding of the project licences and the
reported infill drill collar locations. This announcement can be viewed
through the following link:

“We are delighted to report that the various Resource extension and
Prefeasibility Study related work streams are now underway following the
field team’s well deserved seasonal holiday. Drilling recommenced with
two diamond and one RC rigs tasked with gathering data for constituent
studies including Resource Extensions, Hydrological and Geotechnical
studies and additional Metallurgical testing.

Whilst the core technical team is focussed on delivering the T3 PFS, we
do not lose sight of the significant upside which is represented by our
licence holding over the remainder of the prospective T3 Dome. We
believe that the T3 Deposit may potentially form part of a much larger
sediment hosted copper footprint in the Kalahari Copper Belt.

To this end the joint venture continues to invest in geochemical
sampling, geophysics and follow-up investigation work in our wider
licence holding. Cognisant that the remainder of the T3 Dome
landholding, and the wider licence portfolio have the potential for
hosting additional T3 type deposits. As such, we look forward to the
prospect of announcing further, encouraging, progress reports in the
near future.”

Highlights:

The T3 Deposit Prefeasibility Study work has started. Drilling
recommenced 7 January 2017, with two diamond core rigs and one reverse
circulation drilling rig in operation for the various T3
Prefeasibility Study related work streams.

In the wider T3 Project Area an additional 11 drilling targets have
been identified within the 983km2 T3 Dome exploration area.

Three-dimensional Induced Polarisation (3D IP) geophysics survey will
commence today at the T3 Deposit, to characterise the mineralised host
sequence and aid in the identification of additional or deeper
drilling targets, along the T3 Dome.

Magnetic geophysics modelling including a 3D Inversion of low
altitude, close spaced magnetic data is underway.

Resource extension diamond drilling to commence on 100m sections
directly east and west of the planned T3 pit, with 6 holes currently
planned.

Resource Infill diamond drilling will test the extent of high grade
bornite veins within the planned open pit: 5 holes to infill the high
grade bornite vein zone in the western part of the T3 pit; 6 holes
will be drilled to test extensions 100m east and west of the current
resource which remains open. Depending on the success of this infill
and extension drilling, further drilling may be carried out on
adjacent sections.

Geotechnical drilling (at HQ diameter) is planned to aid the open pit
design.

Metallurgical drilling will provide more material for testwork of the
three sulphide ore domains.

Hydrogeological Studies are scheduled to commence mid-February, with
pump testing for existing and new drill holes planned to investigate
potential sources of water for the planned mineral processing
treatment plant.

Baseline Environmental Studies and the preparation of an Environmental
Management Plan will commence shortly.

Continuing Exploration

The continuing and planned exploration drilling programme consists:

Reverse Circulation (RC) drilling to test five areas on the T3
Dome; including 3 separate soil anomalies which occur over ~5km along
the northern flank of a distinctive magnetic feature, approximately
3km northwest of T3. RC drilling will then test a 4km long zone of
folding of the target sequence interpreted from magnetics
approximately 6km west along strike from T3. There is no previous
drilling in any of these areas. An additional three RC drilling
targets have been identified based on existing untested Cu soil
anomalies along the T3 Dome.

Diamond core drilling will initially test down dip for
disseminated base metal sulphides (galena, sphalerite, pyrite and
chalcopyrite) intersected within the interpreted T3 host sequence in
widely spaced RC drill holes extending up to 2km west of T3, and
separately 1km southeast of T3. Most of these RC holes were drilled in
late 2016. By analogy with the T3 deposit, although the base metals
are unlikely to generate economic grades, they may be a pathfinder for
deeper copper mineralisation.

T3 IP Anomaly to be tested by further diamond drilling, the
approximately 500m deep IP anomaly is located 1km down-dip of the T3
Deposit. Assay results received recently for the second diamond drill
hole MO-3R-02D (previously MO-T3U-02D) to test this target were
encouraging with disseminated and narrow vein hosted chalcocite and
bornite mineralisation intersected:

Hole MO-3R-02D

8m @ 0.74% Cu & 10g/t Ag from 491m, including:

1.0m @ 1,1% Cu & 15g/t Ag from 498m

This intersection is considered encouraging given the size of this
as-yet poorly defined anomaly and the occurrence of veining and bornite
within the host sequence. Drilling is expected to resume when results
from the 3D IP survey are available.

Location

The T3 Resource is located on the Kalahari Copper Belt in northern
Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver
Project. T3 is located approximately 70km NE of the project’s Tshimologo
(T4) Prospect and is located parallel to the same structural trend known
as the Mahumo Structural Corridor, that hosts MOD’s Mahumo Project
(circa 20km NE of T3) and Cupric Capitals’ Banana Zone Deposit (60km NE)
and Zone 5 Project (120km NE).

MOD outline details of the current exploration procedures being employed
on the project (JORC 2012 Table 1), in their news release dated 10
January 2017.

The technical information contained in this disclosure has been read
and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a
qualified geologist who meets the criteria of a qualified person under
the AIM Rules - Note for Mining and Oil & Gas Companies.Mr
O'Reilly has visited the T3 site and reviewed MOD’s drilling and
sampling protocols and procedures. Mr O'Reilly is a consultant working
for Mining Analyst Consulting Ltd which has been retained by Metal Tiger
PLC to provide technical support.

Metal Tiger plc is listed on the London Stock Exchange AIM Market
(“AIM”) with the trading code MTR and invests in high potential mineral
projects with a precious and strategic metals focus.

The Company’s target is to deliver a very high return for shareholders
by investing in significantly undervalued and/or high potential
opportunities in the mineral exploration and development sector timed to
coincide, where possible, with a cyclical recovery in the exploration
and mining markets. The Company’s key strategic objective is to ensure
the distribution to shareholders of major returns achieved from
disposals.

Metal Tiger’s Metal Projects Division
is focused on the development of its key project interests in Botswana,
Spain and Thailand. In Botswana Metal Tiger has a growing interest in
the large and highly prospective Kalahari copper/silver belt. In Spain
Metal Tiger the Company has tungsten and gold interests in the highly
mineralised Extremadura region. In Thailand Metal Tiger has expanding
interests over licences, applications and critical historical data
covering antimony, copper, gold, silver, lead and zinc opportunities.

The Company has access to a diverse pipeline of new opportunities
focused on the natural resource sector including physical resource
projects, new natural resource centred technologies and resource sector
related fintech opportunities. Pipeline projects deemed commercially
viable may be undertaken by Metal Tiger or by an ISDX or AIM partner
with whom the Company is engaged.

Metal Tiger also has an Asset Trading Division
that holds various financial instruments for trading purposes including
equities, warrants and royalty income. The aim of the division is to
generate profits to reinvest into the Company’s project based activities.